20-25% More Agents Than Needed

Nearly everyone and their mother (literally) has a real estate license in the Hamptons. It has been the ultra-chic thing to do after burning out of your Manhattan gig. After all, the sale of that NYC condo provides a nice nest egg and a couple of average ($1.5 million) Hamptons deals a year could cover most mortgages. Well…

The long-awaited shakeout among real-estate agents is finally happening — much to the relief of those who are sticking with the business and prefer a bit less competition.